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Frasers Property's rights issue not a clear win for all

Leslie Yee

Leslie Yee

Published Wed, Feb 24, 2021 · 05:50 AM
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FRASERS Property's latest rights issue will provide much needed cash to the listed entity, but its value to shareholders, existing and potential, is questionable.

The company's non-underwritten 37-for-100 rights issue aimed at raising net proceeds of up to S$1.28 billion is also lacking in specifics.

The fundraising exercise m…

SEE ALSO
Frasers Property expects ‘significant’ drop in H1 earnings on fair value losses, impairment
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